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Avanti Communications Group

Current Price 2.12p Bid 2.12p Ask 2.26p Change -2.88%
Last Updated: 19/05/2019 20:23. Prices delayed by at least 15 minutes.
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Company Overview

Avanti Communications Group plc (demerged from Avanti Screenmedia ) connects people wherever they are - in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 180 partners in 118 countries, the network provides ubiquitous internet service to a quarter of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek. Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka band spectrum in perpetuity that covers an end market of over 1.7bn people. The Group has invested $1.2bn in a network that incorporates satellites, gateway earth stations, datacentres and a fibre ring. Avanti has a unique Cloud based customer interface that is protected by patented technology. The Group has three satellites in orbit and a further two fully funded satellites under construction.

Financial Highlights Year Ended 30/06/2018

Turnover
£50.00m
Operating Profit
£-43.50m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
0.06

Key Personnel

Kyle David Whitehill
Chief Executive Officer
Nigel Adrian Dawson Fox
Group Finance Director
Paul Steven Walsh
Non-Executive Chairman
Alan Paul Harper
Non-Executive Chairman
John Slamecka
Non-Executive Director
Richard Mastoloni
Non-Executive Director
Michael Leitner
Non-Executive Director
Paul Robert Johnson
Non-Executive Director
Craig Chobor
Non-Executive Director
Adam Michael Kleinman
Non-Executive Director

Stock Details

EPIC
AVN
ISIN
GB00B1VCNQ84
Shares in Issue
2,163,335,585
Market cap
£48.89m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
2.19p
Bid Price
2.12p
Ask Price
2.26p
Volume
14150
Change Today
-0.07p
% Change Today
-2.88%
Open
2.12p
Previous Close
2.19p
Intraday High
2.39p
Intraday Low
2.12p
52 Week High
7.00p
52 Week Low
1.87p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Avanti Communications Group Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2018
30 Jun 2017
Tangible Assets
809.8
671.8
Intangible Assets & Goodwill
8.1
9.3
Investments & Other Non-Current Assets
53.7
30.8
Total Non-Current Assets
871.6
711.9
Inventory
20.2
2.6
Trade & Receivables
76.5
60.6
Cash & Receivables
11.0
32.7
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
979.3
807.8

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2018
30 Jun 2017
Short Term Liabilities
74.5
72.4
Long Term Liabilities
415.9
601.7
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
490.4
674.1

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2018
30 Jun 2017
Net Assets
488.9
133.7

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2018
30 Jun 2017
Share Capital
30.6
2.7
Minority Interests
-3.8
-3.1
Retained Earnings
-576.4
-317.7
Share Premium Account
1,104.4
519.4
Other Equity
-65.9
-67.6
Total Equity
488.9
133.7

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2018
30 Jun 2017
Cashflow from Operating Activities
-65.1
-7.6
Cashflow Before Financing
-130.6
-74.1
Increase / Decrease in Cash
-21.7
-23.7

Income (£m)

Data has been provided by AJ Bell

Reporting Date
30 Jun 2018
30 Jun 2017
Turnover
50.0
56.6
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-43.5
-203.7
Pre-Tax Profit
160.0
-77.7
Profit / Loss for the Year
182.7
-65.7
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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